Section 1
SECTION 1. Subject to the terms and conditions established in this Act and in Commonwealth Act Numbered One hundred forty-six, as amended, and to the provisions of the Constitution, there is granted to Marina Ranch and Dairy Farm, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to construct, operate and maintain an ice plant and cold storage in the City of San Jose for the purpose of manufacturing ice for distribution and sale, as well as supplying cold storage within the said city and in the municipalities of Pantabangan, Carranglan, Llanera, General Natividad and Quezon, all in the Province of Nueva Ecija, and to charge and collect a schedule of prices and rates therfor, which schedule shall at all times be subject to regulation by the Public Service Commission or its legal successor.``